Hess Midstream (HESM) Property, Plant & Equipment (Net) (2018 - 2026)
Hess Midstream (HESM) reported Property, Plant & Equipment (Net) of $3.3 billion for Q2 2026, down 1.4% from $3.34 billion a year earlier and down 0.7% from the prior quarter.
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Analysis
Hess Midstream (HESM) Property, Plant & Equipment (Net) (2018 - 2026) Analysis & Trends
At the end of FY2025, Hess Midstream posted Property, Plant & Equipment (Net) of $3.37 billion, up 1.3% from FY2024.
- Property, Plant & Equipment (Net) has increased for seven consecutive years, with a five-year compound annual growth rate of 1.6% (FY2020 to FY2025).
- By year, Property, Plant & Equipment (Net) came in at $3.33 billion in FY2024 (+3.0%), $3.23 billion in FY2023 (+1.8%), $3.17 billion in FY2022 (+1.5%) and $3.13 billion in FY2021 (+0.4%).
- The Q2 2026 figure ranks as the lowest quarterly Property, Plant & Equipment (Net) since Q3 2024.
- Year over year, Property, Plant & Equipment (Net) gained in six of the last eight quarters, with growth averaging 1.8%.
- The high point for year-over-year Property, Plant & Equipment (Net) in five years was Q1 2025 (growth of 3.4%); the low point was Q2 2026 (a decline of 1.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $3.32 billion (Q1 2026), $3.37 billion (Q4 2025) and $3.38 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | PP&E (Net) (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 100.40 Bn | 97.94 Bn | 4.84 Bn | 99.52 Bn |
| 2 | Williams Companies | 86.28 Bn | 85.00 Bn | 2.54 Bn | 44.41 Bn |
| 3 | Enterprise Products Partners | 78.15 Bn | 76.58 Bn | - | 52.22 Bn |
| 4 | Energy Transfer | 70.55 Bn | 63.99 Bn | 7.40 Bn | 104.10 Bn |
| 5 | Kinder Morgan | 69.13 Bn | 70.08 Bn | 3.07 Bn | 40.52 Bn |
| 6 | Tc Energy | 61.50 Bn | 64.57 Bn | 2.81 Bn | 52.99 Bn |
| 7 | Targa Resources | 60.39 Bn | 60.01 Bn | 2.14 Bn | 23.06 Bn |
| 8 | Mplx | 57.19 Bn | 50.75 Bn | 2.91 Bn | 22.65 Bn |
| 9 | Cheniere Energy | 55.74 Bn | 55.87 Bn | 5.29 Bn | 37.15 Bn |
| 10 | Hess Midstream | 4.85 Bn | 4.83 Bn | - | 3.30 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.30 Bn |
| Mar 31, 2026 | 3.32 Bn |
| Dec 31, 2025 | 3.37 Bn |
| Sep 30, 2025 | 3.38 Bn |
| Jun 30, 2025 | 3.34 Bn |
| Mar 31, 2025 | 3.32 Bn |
| Dec 31, 2024 | 3.33 Bn |
| Sep 30, 2024 | 3.29 Bn |
| Jun 30, 2024 | 3.24 Bn |
| Mar 31, 2024 | 3.22 Bn |
| Dec 31, 2023 | 3.23 Bn |
| Sep 30, 2023 | 3.21 Bn |
| Jun 30, 2023 | 3.19 Bn |
| Mar 31, 2023 | 3.18 Bn |
| Dec 31, 2022 | 3.17 Bn |
| Sep 30, 2022 | 3.16 Bn |
| Jun 30, 2022 | 3.14 Bn |
| Mar 31, 2022 | 3.12 Bn |
| Dec 31, 2021 | 3.13 Bn |
| Sep 30, 2021 | 3.12 Bn |
API Access
Hess Midstream Property, Plant & Equipment (Net) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=property-plant-and-equipment-net&ticker=HESM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "property-plant-and-equipment-net", "ticker": "HESM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=property-plant-and-equipment-net&ticker=HESM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();